Cynthia Reeves
has been hired as Senior Director, Commercial Banking and will lead the
Bank's initiatives in Healthcare and Non-Profit Banking. Healthcare
Banking will serve California's
healthcare institutions and professionals to provide specialized
depository and lending solutions to support the ever changing needs of
the Healthcare sector. Non-Profit Banking will focus on the depository
needs of the many organizations which support California's many diverse communities.
Janice Patterson
has been hired as Senior Director, Commercial Banking to lead the
strategy and administration functions for the Municipal, Healthcare and
Non-Profit Banking Groups.
- Mr. Andrews joins Banc of California from Citibank where he served most recently as Senior Vice President and Mid-Corporate Relationship Manager. Previously, Mr. Andrews focused on business development and client relationship management for 11 years including at Bank of America Merrill Lynch and J.P. Morgan Chase. Mr. Andrews holds a M.A. in Political Economics from Wright State University and a M.B.A. from Cornell University.
- Ms. Reeves joins Banc of California from City National Bank where she served for 6 years, most recently as Vice President and Healthcare Segment Manager. Previously, Ms. Reeves served for over 21 years in various management roles within the Healthcare sector, including at GlaxoSmithKline, Johnson and Johnson, and Baxter Healthcare. Ms. Reeves holds a B.A. in Business Administration from California State University-San Bernardino and a M.B.A. in Healthcare Management from University of Redlands.
- Ms. Patterson joins Banc of California from City National Bank where she served for 7 years, most recently as Senior Vice President and Manager of Segmentation Strategies, supporting growth strategies across industry verticals. Previously, Ms. Patterson served for over 25 years in various senior banking management roles, including Chief Marketing Officer for San Diego Private Bank, EVP Client Services for Legacy Bank, and Regional Director of Private Banking for Union Bank. Ms. Patterson holds a B.S. in Business Administration from San Diego State University and is a graduate of the Pacific Coast Banking School.
"The launch of these
important Commercial Banking Segments is key to our strategy of
expanding the depth and breadth of our Commercial Banking Division,"
said David Park,
Managing Director, Commercial Banking for Banc of California.
"Healthcare, Municipal and Non-Profit Banking are foundational to
serving the needs of California's diverse businesses, entrepreneurs and communities. Additionally, these segments represent some of California's fastest growing employers and provide an attractive opportunity to support our continued deposit growth strategy."
The Healthcare, Municipal and
Non-Profit Banking segments will each launch during the second quarter
of 2016, and will be located in Los Angeles, California.
"The continued growth and success of our Commercial Banking Division is aligned with our mission of being California's Bank," said Steven Sugarman,
Chairman and Chief Executive Officer for Banc of California. "We
continue to win market share and talent as we build out our commercial
banking platform. We will continue to invest in our Commercial Bank and
provide it the resources necessary to continue to meet the growing
needs of California's diverse businesses and entrepreneurs."
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) provides comprehensive banking services to California's diverse businesses, entrepreneurs and communities. Banc of California operates over 100 offices in California and the West.
Forward-Looking Statements
This press release
includes forward-looking statements within the meaning of the
"Safe-Harbor" provisions of the Private Securities Litigation Reform Act
of 1995. These statements are necessarily subject to risk and
uncertainty and actual results could differ materially from those
anticipated due to various factors, including those set forth from time
to time in the documents filed or furnished by Banc of California,
Inc. with the Securities and Exchange Commission. You should not place
undue reliance on forward-looking statements and Banc of California,
Inc. undertakes no obligation to update any such statements to reflect
circumstances or events that occur after the date on which the
forward-looking statement is made.